Open & redeem in-app instantly with attractive interest rates and flexible terms.
Choose rollover or fixed-term to match with your savings plan.
Note: Foreigners who can prove their residential status in Vietnam is valid for at least 6 months
on their identity document will be eligible to open a/multiple Term Deposit Account(s).
Multiple virtual savings
Attractive interest rates
Save for longer, better the returns!
Qualify for a line of credit
By opening and locking a Term Deposit 12,000,000 VND or more for a fixed term, you can:
Open Term Deposit instantly in app!
Smart saving
Don’t put all eggs in one basket. You can split your Term Deposit into smaller ones to save you from losing interest when you redeem them early. Each Term Deposit can be split into 4 smaller Term Deposits, so even if you withdraw 1 for a rainy day, you continue to earn interest on the remaining 3.
Auto renewal
And if you want to continue to grow your money, choose the Rollover option that will auto renew your Term Deposit along with interest earned automatically in the App. You can choose a fixed Term Deposit as well and still earn a healthy interest at the time of redemption.
Eligibility criteria:
Vietnamese citizens and foreigners who are legally allowed to live in Vietnam for 06 months or more can apply.
For Foreigners:
The length of your deposit cannot be longer than the remaining validity on their visa in Vietnam.
Open Term Deposit instantly in app!
Download the Timo app and follow the steps to register
Book your appointment and pick up your card
Activate your debit card and enjoy our banking service
Hotline: 1800 6788
Email: care@timo.vn
Call Centre working hours:
– Monday – Saturday: 08:00 a.m. – 10:00 p.m.
– Sunday: 08:00 a.m. – 08:00 p.m.
As a foreigner, can i open a TD? What are the documents I need to provide to be able to use a Term Deposit?
+Why can’t I request the certificate of Term Deposit after it has been redeemed?
+Do I have the certificate of Term Deposit?
+Can I receive interest on Term Deposits if I withdraw them early?
+How to withdraw from my Term Deposit?
+- Step 1: Log in to the Timo app.
- Step 2: Tap on Term Deposit.
- Step 3: Choose the specific Term Deposit you want to withdraw, tap Redeem early.
- Step 4: Confirm again.
And your Term Deposit is withdrawn into your Spend Account.